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MARKET RECAP – DECEMBER 4, 2024

Written By: Jenny Galeano Gamboa

December 4, 2024

STOCK MARKET

Dow Jones ended at $45,014.04 (+0.69%)

S&P 500 ended at $6,086.49 (+0.61%)

Nasdaq Composite ended at $19,735.12 (+1.30%)

The stock market witnessed gains across all major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, as tech shares surged following strong reports from companies like Salesforce and Marvell Technology. This led to record highs being reached by the S&P 500 and Nasdaq, with the Dow closing above 45,000 for the first time. Additionally, investor optimism was fueled by positive economic indicators, such as Federal Reserve Chair Jerome Powell’s comments on a strong economy and a cautious approach to rate cuts.

CRYPTO MARKET

Bitcoin rose by 2.75% for the day, with a value of $98,948.90 as of 3:00 PM CST, as stated by Coin Metrics.

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